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Should I Downsize/Exit? If so, How?

Michael Boehlje, Alan Miller and, Craig Dobbins (2009)

Summary

The combination of rising costs and lower prices has placed significant financial and economic pressure on many livestock as well as crop producers. Many are contemplating their future direction and seriously considering downsizing their business or exiting the industry. The decision to downsize or exit a business is a difficult one, requiring the resolution of numerous issues and answers to various questions. We pose some of these questions and provide some perspective on how to answer them.